By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
The Bank of England (formally the Governor and Company of the Bank of England) is (despite its name) the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalised in 1946. In 1997 it became an independent public organisation, wholly-owned by Government, with independence in setting monetary policy. - Source: Wikipedia
In his first term President Obama was criticized for trash-talking the 1-percenters while enjoying the aristocracy of Martha's Vineyard and the nation's most exclusive golf courses.
LONDON
Upstart challenger David Grosso, a relatively unknown former D.C. Council staffer who started campaigning a year ago, unseated incumbent Michael A. Brown on Tuesday for an at-large seat in the only significant upset in the city's elections.
Alarmed at the very real prospect of Mitt Romney becoming the 45th president of the United States, radical philanthropist George Soros has forsaken his oft-repeated vow to quit electoral politics.
In two weeks, if the worst transportation predictions come true, the streets of London will be clogged with hopeless Olympic gridlock, the venerable but tottering subway will be a nightmare of delays, and overcrowding and commuter trains will slow to a crawl.
Barclays Chief Executive Bob Diamond resigned Tuesday, the biggest scalp in a financial markets scandal that has ripped through the bank's senior management and sown the seeds for a new investigation into Britain's banking sector.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
Expectations that the central banks of countries around the world stand ready to head off a deeper European debt crisis helped push U.S. stocks higher on Friday.
This week there was more than idle conversation about Facebook's pending initial public offering, an IPO likely to be one of the largest in history. While it's hard to argue with the company's sheer size, several filings with the Security Exchange Commission reveal some concerns over its mobile strategy and growth prospects. More questions were raised this week when General Motors Co., one of the largest advertisers in the U.S., announced that it plans to stop advertising with Facebook.
Spain and Italy gave financial markets a boost Thursday as they successfully raised nearly euro22 billion ($27.98 billion) in two keenly watched debt auctions that showed renewed investor confidence in the countries' attempts to get a grip on their debt problems.
The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars.
Federal Reserve Chairman Ben S. Bernanke says a key lesson learned from the 2008 financial crisis is that central banks must have a dual goal of controlling inflation while supporting the banking system.
Stronger than expected U.S. jobs figures helped stocks rally Thursday and helped investors brush off interest rate increases in China and Europe.
The Gnomes of Zurich were derogatory caricatures of secretive, greedy, stiff Swiss-German bankers, pince-nez aquiver, who ruled over the land of secret numbered accounts for tax dodgers the world over. With the world's best financial intelligence service, they knew their stuff and seldom spoke, even in retirement.
LONDON (AP) — British Treasury chief Alistair Darling said yesterday that ailing mortgage lender Northern Rock would issue state-guaranteed bonds to repay billions in emergency government loans, asserting that a private-sector rescue without government help was impossible.
